Nippon to Build $300M Plant in China
Posted on: Wednesday, 12 October 2005, 12:00 CDT
Japan's Nippon Oil Corp. will spend about $300 million to build a lubricating oil plant in China.
The oil refiner and petrochemical maker plans to build a plant in Guangzhou, with commercial production beginning in September 2006, China's state-run media group Xinhua said Wednesday.
Also, Nippon plans to hike capacity at a plant in northern China's Tianjin by this December.
The Tianjin plant is owned by a joint venture company set up by Nippon and China Petroleum & Chemical Corp.
Source: United Press International
Related Articles
- Review and Outlook of China's Refined Oil Product Market
- China Blames Oil Firm for Spill
- Experts Say It Unfair to Blame China on Oil Price Soaring
- China's Crude Oil Import Estimated to Reach 130 Million Tons in 2005
- China Exclusive: Oil/Gas Supply Line Being Built Along Ancient SilkRoad in NW. China
- China's Top Oil Producer Offers 4.18 Bn USD for PetroKazakhstan
- China's Top Oil Firm Offers 4.18bn Dollars for PetroKazakhstan
- China's Crude Oil Output Increases 30 Million Barrels Year on Year
- China's Leading Oil, Gas Producer Volunteers for Acquisition Review
- Hong Kong Paper Reviews Importance of China-Kazakhstan Oil Pipeline Project
Rating: 2.7 / 5 (7 votes)
 |
 |
Rate this article:
User Comments (0)
RSS Feeds